KSS has informed that Birla Jewels (wholly owned subsidiary of KSS), has inaugurated opening of new retails store at Jhansi, Uttar Pradesh on October 23, 2016. It provides services to equip a jewellery retail outlet through franchisees to successfully run exclusive jewellery retail business under the banner of ‘BJewelz’, a brand owned by Birla Jewels. The Company is currently focusing on the launching of ‘BJewelz’ retail outlet through franchisee model and down the years is planning to open approx. 500 retail store across the length and the breadth of the country.
The above information is a part of company’s filings submitted to BSE.